FEDERATION OF EURO-ASIAN STOCK EXCHANGES
ANNUAL REPORT 2015
TURKISH CAPITAL MARKETS ASSOCIATION (TCMA)
2014 was a year in which transformations were brought to completion
and we moved closer to a stronger structure in the capital markets.
İlhami Koç
Chairman
2014 was a year in which transformations were
brought to completion and we moved closer
to a stronger structure in the capital markets.
The enactment of the new Capital Market
Law and secondary regulations brought along
highly pleasing developments for our industry.
Our Association underwent a transformation
in 2014 and became the biggest professional
organization of the financial services industry with
its new structure. Our responsibility has increased
significantly as our membership base was extended.
running a comprehensive programme based on
behavioural finance principles. We run various
financial education events and conferences. We
are reaching our target audience mainly through
social media channels. We have also launched an
e-learning program in 2014. Our focus will remain
on strengthening financial education through
various activities including e-learning programmes,
mobile applications, contests and workshops in
2015.
responsibilities of our Association. In 2014, nearly
4,000 people participated to the training programs
organised by our Association, thanks to the wide
range of topics offered.
TCMA continued to serve as the information hub
of the industry in 2014. We improved our new
in-house developed software through which we
are collecting data from our members. We proudly
observe that all our publications serve as a rich
source of reference for our industry.
As the Association, we want to help increasing the
domestic savings by improving financial literacy.
Since the last quarter of 2012, we have been Increasing the number of better-equipped
market professionals, is also among our priorities.
In that regard, strengthening the workforce
of the investment industry is one of the main History and Development The main functions of the Association are to: Board of Directors
Turkish Capital Markets Association has been
established as the self-regulatory organization in
the Turkish capital markets in 2001. The Association
was initially established under the name of
“The Association of Capital Market Intermediary
Institutions of Turkey”. After the New Capital
Markets Law came into effect, the name of the
Association was revised to “Turkish Capital Markets
Association (TCMA)” in 2014. • E stablish professional rules and regulations;
• Set safety measures to prevent unfair
competition;
• Monitor professional developments, changes in
rules and regulations and inform members;
• Evaluate complaints against its members;
• Impose disciplinary action on members, when
necessary;
• Assist in the resolution of disputes arising from
off-exchange transactions among its members or
between its members and investors;
• Appoint arbitrators upon the request of
concerned parties;
• Conduct research on Turkish and international
capital markets;
• Offer training programs;
• Co-operate with related foreign institutions. The Board of Directors is composed of eleven
members. Eight of them are elected by different
member categories. One representative member
from the Appraisal Experts Association of Turkey
and two independent members serve on the Board.
According to this new regulatory framework, in
addition to investment firms and banks authorized
for capital market operations, asset management
companies and investment trusts became members
of the TCMA. Membership to the Association is
compulsory. TCMA oversees the industry and
contributes to its members through publications,
training programs, events and conferences.
The Association aims to:
• C
ater to the common needs of its members,
• Facilitate professional activities of its members,
• Help improve the profession in line with
common interests.
• Uphold professional discipline and ethics.
Legal Status
Non-profit association.
Regulated by
Looking forward, in 2015, we will keep working
toward a stronger economy, a larger capital market
and happier investors.
Memberships at International Organizations
AFIE (Asia Forum for Investor Education):
www.afie.asia
ASF (Asia Securities Forum):
www.asiasecuritiesforum.org
FEAS (Federation of Euro-Asian Stock Exchanges):
www.feas.org
ICSA (International Council of Securities
Associations):
www.icsa.bz
IFIE (International Forum for Investor Education):
www.ifie.org
IOSCO (International Organization of Securities
Commissions):
www.iosco.org
Capital Markets Board.
ABOUT TURKISH CAPITAL MARKETS ASSOCIATION (TCMA)
Established: 2001
Chairman: İlhami Koç
Address: Buyukdere Caddesi No 173 1. Levent Plaza
A Blok Kat: 4 1. Levent 34394 Istanbul Turkey
Contact name: Alparslan Budak
E: [email protected]
W: www.tspb.org.tr/eng
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AFFILIATE MEMBERS